what is the maximum allowable limit and do i have to inform us government abt it? which is the fastest way? how much will be the charge for the transfer?? has anyone know abt www.xe.com? xe is a good option or normal wire transfer from bank to bank is more efficient and cheaper?
2007-08-01 12:01:47 · 2 answers · asked by suzy 2 in Business & Finance ➔ Personal Finance
it is from canada to usa not from or to india or nepal or bhutan.
please help
2007-08-01 12:15:26 · update #1
There is NO maximum amount you can transfer. US law requires banks to report amounts form $10,000 up for purposes of detecting money laundering. A single transfer will draw absolutely ZERO attention. A bank to bank wire is probably the fastest and should be competitively priced.
2007-08-01 12:36:30 · answer #1 · answered by STEVEN F 7 · 0⤊ 1⤋
1. Open a USD account in a Canadian bank and transfer your money there (if you haven't done that already).
2. Simply deposit a check in a large US bank (Bank of America or similar). Its free and your funds will be available within 1-2 weeks. You'll have to complete a form where you'll declare the source of funds for US government, like "life savings", "proceeds of home sale" etc.
2007-08-01 12:22:06 · answer #2 · answered by svikm 3 · 2⤊ 0⤋